The project to rebuild the Nguyen Cong Tru Collective ResidentialQuarter in Hai Ba Trung district, Hanoi was officially started on themorning of March 19.
This pilot project, which follows thecity’s strategy to renovate and rebuild old buildings, aims to do awaywith low-quality housing and improve people’s living conditions andthe municipal landscape.
Hanoi Housing Development andInvestment Joint Stock Company No.7 under Hanoi Housing Development andInvestment Corporation (HANDICO) is the project’s investor.
The housing estate, constructed in the 1960s, includes 14 downgrading four-storey buildings.
Chairman of Hanoi People’s Committee Nguyen The Thao stressed that theinvestor spent much time investigating, developing and issuing theproject’s mechanisms.
He requested the investor and contractors to accelerate construction progress.
Thao also called for the project’s investor, the People’s Committee ofHai Ba Trung district, departments and agencies to continue researchingand proposing appropriate mechanisms and policies to implement similarprojects.
He expressed his hope that people will become awareof the State and city’s strategy, and support the State to finish theproject successfully.
Nguyen Manh Dung, General Director ofHanoi Housing Development and Investment Joint Stock Company No.7, saidthat the project will see the construction of a complex thatincludes eight new 14-storey buildings on the 360,000-square -metresite. It will be connected by a network of roads and comprise supportingbuildings, nursery schools and a sport complex.
The firstphase of the project will see the construction of Building N3 containing300 flats for the resettlement of all families in the project area.
The project’s investor pledged to complete the building soon inorder to help the residents of Buildings A1 and A2 resettle early.-VNA
